Cushing is a major crude oil trading, storage, and transportation hub located in Oklahoma in the US.
Cushing is important as a point where large volumes of US-produced crude are gathered from across the inland regions of the country.
Cushing has become a major trading point, because of the volume of crude that moves through it and the availability of crude storage and blending facilities. Trading at Cushing serves as the basis for the NYMEX light sweet crude market in spot and derivatives trading.
FIND OUT MORE
The Refinery Reference Desk includes content derived from our industry experts as well as from public data sources such as company websites. Nothing herein is intended to serve as investment advice. This material is based on information that we believe to be reliable and adequately comprehensive, but we do not represent that such information is in all respects accurate or complete. McKinsey Energy Insights does not accept any liability for any losses resulting from use of the content.